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Added to YB: 2025-11-25

Pitch date: 2025-11-23

CSU.TO [bullish]

Constellation Software Inc.

+0.18%

current return

Author Info

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Company Info

Constellation Software Inc., together with its subsidiaries, acquires, builds, and manages vertical market software businesses to develop mission-critical software solutions for public and private sector markets.

Market Cap

CAD 50.3B

Pitch Price

CAD 3.3K

Price Target

N/A

Dividend

0.17%

EV/EBITDA

26.18

P/E

73.26

EV/Sales

4.81

Sector

Software

Category

growth

Show full summary:
Constellation Software: The end of software because of AI?

CSU.TO: Canadian software conglomerate acquiring niche VMS companies at 1-1.5x revenue targeting 20-30% IRRs. Despite 30% 2025 pullback on Leonard succession/AI fears, Q2 FCFA2S +20%, ROE 31%. Decentralized 1000+ units, 73% recurring revenue, 4% organic growth. Trades 37x P/FCF vs 15%+ FCF growth potential.

Read full article (9 min)